The Biden administration’s recent move to scale back climate regulations targeting emissions reductions from vehicles and power plants is accompanied by a reliance on taxpayer subsidies to drive the deployment of renewable energy sources. This shift underscores the administration’s commitment to halving greenhouse gas emissions by leveraging subsidies to propel the adoption of solar, wind, and other clean energy technologies. Despite regulatory adjustments, the focus remains on accelerating the transition to decarbonization through a combination of subsidies and industry support.
Biden’s Strategy Shifts to Subsidies in Decarbonization Efforts Amid Regulatory Easing